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Federal Fall Economic Statement is Thursday November 3rd at 4pm



Federal Fall Economic Statement

The 2022 Federal Fall Economic Statement will be presented on November 3rd at 4 pm E.T.


The Federal deficit is estimated to come in around $20 billion at the end of the fiscal year.


Canada’s annual inflation rate in September slowed to 6.9 per cent and is being addressed via higher interest rates and potentially less government spending.


It is widely anticipated that this week’s fiscal update will show how Canada intends to respond to the Inflation Reduction Act in the U.S., as a way to remain competitive when it comes to attracting investments in green energy.


Thus, interesting to see what solutions this government feels it has in addressing low growth, high inflation, and the government deficit on November 3rd in the update.

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If any questions or comments arise, please contact Peter at 905-898-3355 or send an email to peter@taxhome.net


Date: October 31st, 2022

Copyright © 2022 by Peter Wiesner CPA


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